# Oodles Corporation

The ONLY APP that enables users to invite friends and go out to restaurants together.

## Elevator pitch
We Incentivize University students to go and eat together in restaurants. We currently exist at eight Universities —with thousands of student users at each of these Universities. These students use the OodlesDeals mobile app to get deals at restaurants, all of which are weighted to give the best value when students invite and go together to these restaurants with their friends. We have plans to grow nationwide and beyond.

- Canonical URL: https://wefunder.com/oodles
- Entity ID: wefunder:company:15476
- Last updated: 2026-06-16T05:02:11Z
- Generated at: 2026-06-16T14:50:45Z

## Quick facts
- Oodles is focused on supporting and helping local restaurants survive the pandemic.
- Restaurant's app-generated revenue grows at 20% monthly on average.
- 28,000 users in the seven cities across three states.
- Experienced management team with deep expertise in consumer, retail and mobile industries.
- Monthly Active Users percentage on par with well known social apps.
- Greater than 4.5 out of 5 stars rating across iOS and Android with hundreds of positive reviews.

## Active fundraises
- wefunder:fundraise:28628: 4(a)(6) successful (USD)
- wefunder:fundraise:16577: 4(a)(6) successful (USD)
- wefunder:fundraise:10842: 4(a)(6) successful (USD)

## Story
We as founders (Saj, Ash) remember our time at University primarily via the restaurants we visited with our friends.  At school reunions, years later, the same friends always meet at the same restaurants we used to go to together.  This spurred us to create the OodlesDeals mobile app, with a mission for our company of enabling people to establish and strengthen personal relationships throughout their lives.Restaurant's Revenue Generated Via OodlesDealsOn average, this is growing 20% month-over-month.Chart represents consolidated data from > 100 restaurants across 8 universities that have Oodles.Students Engage with the App — UC-Davis ExampleStudents love us because they save money on great food. What's even better, when they go to restaurants with their friends, they save even more and have a great time. Why OodlesDeals is workingCollege students are busy. Still, they want to spend time with friends and create memories that last a lifetime. Going out to eat with friends is the #1 aspirational activity. Students already eat out 1-2x times per week on average.With this said, money is always tight— as evidenced by the trillions dollar student debt crisis confronting millennials in the US.So, we made Oodles to solve both problems — we incentivize students to invite their friends to go together to the restaurants they love around campus, and when they do go together, they get the best value. How we make moneyWe charge a monthly marketing services fee,  and per transaction charge for deals redeemed in the restaurant.  We also charge for events we execute on our vendor's behalf.Once critical mass of users on a campus is established, $45,000 revenue on average at each University is achievable, and with 4,400 universities, our total addressable market is about $200 MM.MilestonesPhase I - University of Oregon 1st University [Completed since 1st Wefunder Raise]Established minimum viable proposition of app. Determined student acquisition methodologies. Signed first paying customer.Phase II - Revenue Generation [Completed since 2nd Wefunder Raise]Released v2 of app, simplified transaction process. Established new University launch six-week process.Phase III - Revenue Acceleration [Completed since Seed round Raise]Released v3 of app, expecting significant growth in engagement via app. Revenue growth >400% Y-O-Y and accelerating.The Plan— Revenue PotentialScale nationwide. Grow from University students to other consumer target groups. Extend revenue from vendor focused to consumer advertising focused. Extend app usage from Restaurants to all Social Retail activities (movies, put-put golf, etc). Grow Internationally.

## FAQ
1. **Please elaborate on the relationship between the 2 founders. How long have you known each other? What have you worked on together in the past, if anything? etc..**
   - Awesome question, thanks for asking it Matthew! Asheesh and I have known each other all our lives. See our intro letter above for more detail. :) The beauty of our relationship is the complementary work experiences. Asheesh is a 20+ year veteran of retail business relationships, and I have 20+ years in marketing, both B2B and B2C. Additionally, I've spent the last 10 years with a social marketing and mobile marketing focus. Since Oodles is a B2B2C focused business, our complementary business ...
2. **How it is different from Groupon?**
   - Another awesome question we'd love to answer, thanks for asking it Birun. Think about us as having the benefits of Groupon (aka scorching values) without the upfront costs. From both a vendor and consumer perspective. With Oodles, the vendor doesn't have to pre-sell unused inventory at a steep margin, but still can advertise a significant discount to make consumers interested in their product offering because of the pricing value of the third tier of our model. Also, the amount discounted is ...
3. **Is this the very first fund raise you are doing? How much each of you have invested so far?**
   - Hardik, Thank you so much for your interest in Oodles Corporation and your great questions. Much appreciated! Yes, this is the first fund raising campaign for Oodles Corporation. Our initial investment was $17,000 ($8500 each) and we have managed our finances very carefully. We have long term plans for the company and will continue to manage our finances with the same vigor. For more details about about the financials for Oodles Corporation, please review our Schedule C. Thank you.
4. **I have just invested in the company. Can you share more information about the patent? I could see that it's still under review and not issued? Is any patent number given yet? When you think the patent would be issued? Are you planning to file patent in other countries as well??**
   - Thank you for investing in Oodles. We are honored to have so many folks like you believe and invest in the vision of Oodles - Deals & Events. Regarding our patent, please refer to the PDF investment deck embedded as a link above, it contains specific information about our company’s value proposition, and the patent and how it aligns with the value proposition.
5. **Sajal - Thanks for the answer. But you didn't answer what i wanted. 1. Patent Number?? 2. Are you planning to file the patent in other countries??**
   - Sagar, we cannot disclose the patent number, but the investment deck contains the business goals we are focused on achieving. The approach for the patent as described in the investment deck should enable us to achieve these goals. Thanks again.

## Team
- Sajal Sahay (CEO)
- Asheesh Barman (Co-Founder, President, & COO)
- Jeffrey Schvimer (CFO)
- Rajan Barma (CTO)

## Q&A
- Q: Hello! It has been a while since the last update. Could we get one please? Thank you!
- Q: Awesome concept. What now with social distancing???
- Q: I would like to know why this company failed. Can you please let us know?
- Q: I am one of the investor in Oodles. Is company still active? If not, when was it officially shut down, and can I claim the investment as loss in the IRS tax returns? R. Madan richard.madan@gmail.com
- Q: Hello ~ today is January 23, 2023 and it's been well over one year since you've put out an update. Taking into account all the ramifications from Covid I understand it may not all be good news . . . yet as an investor an honest overview as to what the status and challenges of Oodles Corp stands at today would be appreciated! Thank you!
- Q: Haven't had an update from you in 3 months . . . respectfully would like to know what is happening with Oodles Corp?!
- Q: When is the deadline?
- Q: you should help me or if you are rude take my idea and make a app that you play a games and if you make it to the same level you can meet people that got to the same level . the different types of games would be the difference to meet people it would be the new tinder. if anyone does it please help me out
  - A: Please feel reach out to Wefunder management they might be able to help you.
- Q: What was revenue in 2019?
  - A: As you know, we have publicized that company revenue has grown 400% annually and accelerating. You can see Yr 2018 revenue in our approved financial statements enclosed as part of our profile. We are in late stages of closing Yr 2019, and while not final, expect to share good news with you in this regard in our upcoming January '20 monthly update. This is just days away, pending the closing work we are in the process of completing right now. Stay tuned for the update.
- Q: Sajal you mentioned revenue is down during the time students are on summer or holiday breaks. Sajal how to you plan to address that problem or are you not concerned with that particular issue? It just seems likely revenue is being missed. Thanks, Reggie Smith
  - A: Vendors servicing students in University towns know the annual cycle of college students very well, including the downtimes of summer and the Holidays. Our goal, with the current students target demographic, is to grow their business incrementally during all months beyond what they experience without having OodlesDeals. Our long term goal is to extend to the general population using OodlesDeals, not just college students, as we scale to a critical-mass over the next several years. College students have helped us prove proof of concept so far, that OodlesDeals gives them a chance to spend time with their friends and benefitting from the value of doing this together. We believe this is a timeless insight.
- Q: Do you have a patent?
  - A: We received a provisional patent in April 2017. Since then, we have employed multiple patent and trademark strategies. For details, please read the company presentation embedded on the Oodles Corporation WeFunder front page.
- Q: What is the stop a company like groupon from simply copying this idea of 'group' discounts?
  - A: There are many answers to this question. One of the most relevant is a company's mission drives their business process and marketing strategies. Groupon is focused on consumer discovery, which is more transactional in nature. Oodles is focused on getting people to spend more time together, which is inherently relationship-building focused. Each of our companies utilizes approaches that best accomplish their respective missions.
- Q: How has Q1-18 and Q2-18 revenue been?
  - A: I believe this is best answered by reading a combination of our July and June monthly updates.
- Q: Greetings, you have an excellent business model. You have listed in the "C" form #7 "attached appendix A business description & plan" but i was unable to locate appendix "A", can you provide directions? THANKS
  - A: You can see an updated version of this plan on our main page, www.wefunder.com/oodles, scroll down 1/2 way to the middle of the page and you'll see an embedded PDF you can click and review. Thanks.
- Q: Greetings, you have an excellent business model. You have listed in the "C" form #7 "attached appendix A business description & plan" but i was unable to locate appendix "A", can you provide directions? THANKS